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Bitcoin volatility will drive investors back to gold

From sharpspixley.com

Many observers consider that the seemingly continuing rise in the price of cryptocurrencies has taken investment interest away from gold as the traditional safe haven/wealth protector in their favour. But the recent sharp downturns and volatility which have been seriously affecting cryptocurrencies have taken away some of their investment gloss, exposing them as much more of a gamble than as a safe place to place one’s wealth. True, gold has not been performing positively of late, and could well suffer some more in the face of a possibly more aggressive U.S. Federal Reserve Bank (the Fed) being apparent at this ... (full story)

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  • Category: Fundamental Analysis